DPC was a company based in Ratnagiri, Maharashtra India The Dabhol plant was built through the combined effort of Enron , GE, and Bechtel Promoted by Enron Corp, USA Mired in controversy , right from inception to closer . Finally shut down in 2001.

1. RGPPL
Ratnagiri Gas and Power Private Limited
1

2. INTRODUCTION TO RGPPL
*
• DPC also known as called as Ratnagiri Gas and Power Private Limited.
• DPC was a company based in Ratnagiri, Maharashtra India
*
• The Dabhol plant was built through the combined effort of Enron , GE, and Bechtel
• Promoted by Enron Corp, USA
*
• Mired in controversy , right from inception to closer .
• Finally shut down in 2001.

3. VISION , MISSION AND CORE VALUES
VISION
• To emerge as a significant player
in the energy sector , pursue
opportunities thereof and
strengthen the nations energy
security .
MISION
• To emerge as a preferred supplier
of affordable power and LNG
products by adapting global best
practices and there by ensuring .
• Effective contribution to the
Society
• Value addition to the share
holders
• Growth and Development of its
employees
• C-Trust
• Commitment to customer
• Team work with passion
• Responsibility in action
• urge to excel through innovation
• System oriented approach
• Transparency and ethics

4. Enron / Dabhol – Background check :
Enron – Leading multination corporation in oil & natural gas industry
Enron (as development corporation ) formed Dabhol power company with following partners :
Government of india
Government of
Maharashtra
Maharashtra State
Electricity Board (MSEB )
General Electric Co. Bechtel Enterprises

5. Revised Share Holding Patterners

6. Timeline of the Project :
1992
1995
July 2005 – The plant is taken over by
RGPPL
4 July 2006 - RGPPL shutting down the plant due to a
lack of naphtha supply.
31st March 2010- Ratnagiri Gas and Power Pvt Ltd (RGPPL) the
company that now owns the project made all six gas turbines
operational

7. Dabhol Power Station
Phase 1
• Capacity – 740 MW
• Cost – $1.078 billion
• Fuel – Naptha
• Operations Began – 1999
Phase 2
• Capacity – 1275 MW
• Cost – $3.5 billion
• Fuel – LNG
Total Capacity – 2015 MW(Later increased by Enron to 2184 MW)
Originally Estimated Cost of Plant – $2.8 billion (‘96)
Capital Cost Calculated by DPC – 4.5Crore/MW (‘96)

8. PPA Details
Power purchase agreement for 20 years.
Implemented on BOO(build-own-operate) basis.
MSEB Guaranteed to buy 90% of electricity produced.
MSEB to receive 30% profit of DPC annually.
MSEB to bear any increase in fuel prices.
MSEB to guarantee a minimum fuel purchase.

9. Reason for Non performance
By early 2002, Enron was variously termed “radioactive,” “contaminated,” and
“obstructionist”
The congress government in Maharashtra was defeated in the state polls in March 1995
and a new government of BJP and a Siv sena come to power
A committee leads by Deputy – Chief Minister recommended scrapping of the project .
Finally, the government scrapped the project on August 03, 1995.
Poor economic assumptions
Failure of the GOI and GOM

10. Dabhol Today
The 1940 MW Dabhol power project, is operated by an equal joint venture of GAIL
and generation utility NTPC
GAIL is in charge of the LNG terminal, while NTPC looks after the generation.
half yearly profits at Rs 220 crore during the fiscal year 2010.
achieving full capacity of 1,940 MW on March 31, 2010.
registered a loss of Rs 600 crore in 2008-09, had notched up a marginal operational
profit in the year-ended March 2010.